Donaldson Company, Inc. (NYSE:DCI) to Issue Quarterly Dividend of $0.27

Donaldson Company, Inc. (NYSE:DCI) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Thursday, February 13th will be paid a dividend of 0.27 per share by the industrial products company on Friday, February 28th. This represents a $1.08 annualized dividend and a yield of 1.54%.

Donaldson has increased its dividend by an average of 6.8% per year over the last three years and has increased its dividend annually for the last 29 consecutive years. Donaldson has a payout ratio of 27.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Donaldson to earn $3.99 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 27.1%.

Donaldson Stock Performance

Donaldson stock opened at $70.33 on Thursday. The firm’s fifty day moving average price is $71.10 and its 200 day moving average price is $72.63. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.06. Donaldson has a 12-month low of $64.34 and a 12-month high of $78.95.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. During the same quarter in the prior year, the business posted $0.75 earnings per share. Donaldson’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts forecast that Donaldson will post 3.64 EPS for the current fiscal year.

Insider Activity

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DCI shares. Morgan Stanley lifted their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird increased their target price on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Donaldson has an average rating of “Hold” and a consensus target price of $74.00.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.